Stock market today: Dow, S&P 500, Nasdaq recover from bruising sell-off as oil prices fall Grace O'Donnell · Editor, Special Projects Updated Mon, November 2, 2026 at 10:07 AM EST 1 min read ^IXIC +0.70% BTC-USD +0.03% ^DJI +1.09% ^GSPC +0.60% CL=F -6.39% Trade BTC on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stocks climbed on Monday as investors regained risk appetite ahead of another packed week of earnings, midterm elections, and a key jobs report.
The Dow Jones Industrial Average (^DJI) rose 1%, while the S&P 500 (^GSPC) added 0.6%. The tech-heavy Nasdaq Composite (^IXIC) jumped 0.8%, attempting a comeback after a tech rout dragged stocks last week.
Go deeper with AlphaSpace 52,333.71 +563.40 (+1.09%) As of 9:59:01 AM EST. Market Open. ^DJI ^GSPC ^IXIC Markets were poised to bounce back after an AI-fueled sell-off that saw the Nasdaq Composite lose 5.2% during the month of October. Chipmakers and other tech names rebounded ahead of the market open, though Apple (AAPL) shares dipped slightly in the lead-up to the iPhone maker's earnings report after the bell on Monday. Investors also got a a fresh look at Anthropic on Monday morning with the AI startup filing an amended version of its S-1 filing.
Bitcoin (BTC-USD) rose slightly to trade near $78,000 per token after cryptocurrencies took a hit following a $6.3 billion hack of Binance, which investigators are calling the biggest crypto hack in history.
Crude oil prices, meanwhile, dropped amid reports that the US and Iran are seeking a diplomatic resolution to the war in the Middle East. Brent crude futures (BZ=F), the international benchmark, traded near $106 per barrel.
On the economic data front, investors will get a reading on US manufacturing activity and prices paid. The calendar for the rest of the week will feature several pieces of labor market data, culminating in the government's October jobs report on Friday.
While stocks generally rose in early trading, Oracle (ORCL) stock is getting dented after the company announced a new $20 billion capital raise, suggesting that concerns about AI spending continue to churn beneath the surface.
Oracle plans to sell $10 billion in investment-grade bonds and a similar amount of stock, according to Bloomberg, to fund AI capital spending and dividends.
It's not the only hyperscaler looking to issue debt at this time to pay for massive AI investments.
Bloomberg also reported that Alphabet (GOOG) is set to raise 6 billion euros (roughly $6.7 billion) in its second euro bond sale in 2026. The report stated that the Google parent company plans to offer higher yields than its bond offering in May.
The announcements also come just days after Microsoft (MSFT) announced a $25 billion bond offering of senior unsecured notes. Microsoft said it intended to use the proceeds to fund working capital, capital expenditures, repurchases of capital stock, acquisitions, and repayment of existing debt.
But the divergence in stock prices highlights the difference in the companies' balance sheets. While Google stock rose on Monday following its announcement, Oracle stock fell 5%, as investors view the company as more leveraged.
US stocks opened higher Monday as investors begin November with another week packed with earnings, crucial labor market data and the midterm elections.
The Dow Jones Industrial Average (^DJI) rose 0.7%, while the S&P 500 (^GSPC) added 0.5%. The tech-heavy Nasdaq Composite (^IXIC) jumped 0.7%.
Go deeper with AlphaSpace 52,333.71 +563.40 (+1.09%) As of 9:59:01 AM EST. Market Open. ^DJI ^GSPC ^IXIC Investors also got a fresh look at Anthropic on Monday morning. The artificial intelligence company filed an amended version of its S-1 filing shortly before Monday's open. Later Monday, investors will also get a reading on US manufacturing activity and prices paid in October.
Binance has seen $3.64 billion in outflows since it gradually restored user withdrawals following the largest crypto hack in history, which the FBI linked to North Korea.
The world's biggest cryptocurrency exchange said that it processed $4.649 billion in withdrawals and approximately $1.01 billion in deposits. Binance detailed that the resulting net outflows represent just 2.1% of its $171 billion in total assets under management.
Binance was hit late Thursday by a hack that investigators said impacted roughly $6.3 billion in funds, with roughly half of those assets frozen.
On Monday, the exchange said it has covered approximately 95% of the impacted amount. The outstanding 5% consists of smaller tokens outside of the top 10 cryptocurrencies, whose assets are less liquid and will take longer to source.
In pursuit of plans to enter the US wireless market, Elon Musk-led SpaceX (SPCX) is reportedly exploring a potential acquisition of Boost Mobile or access to its network.
Verizon (VZ), AT&T (T) and T-Mobile (TMUS) have reportedly rejected SpaceX's requests to use their wireless networks, according to a report from the Washington Post.
SpaceX has since held discussions with EchoStar (ECHO), Boost Mobile's parent company, about a potential partnership or acquisition, the report said. Shares of EchoStar are up roughly 5% in premarket trading.
A deal could give SpaceX access to Boost Mobile's network agreements, providing an entry point into the estimated $235 billion US wireless market.
The move would expand Musk's business empire beyond rockets and Starlink, opening another potential revenue stream for SpaceX.
When AI stocks get hit, investors have found a place to hide. It's the company that has mostly sat out the AI spending race — Apple (AAPL).
Chip stocks have had plenty of rough days this year, and Apple has mostly shrugged them off. On the 46 days the Philadelphia Semiconductor Index (^SOX) fell 2% or more, Apple rose on 30, about two out of every three.
That's new. From 1994 through last year, Apple rose on only about 1 in 6 of those days, and no year came anywhere close to this one, by Yahoo Finance's calculations.
Apple and chip stocks have basically stopped moving together. Apple's correlation with the chip index — a measure of how closely two assets move in step — turned negative in July and hit its lowest level on record in September.
Apple (AAPL) will report its fourth quarter earnings after the bell Monday, providing investors with a glimpse of early iPhone 18 Pro sales. Yahoo Finance's Dan Howley previews what to expect:
The iPhone Duo went up for preorder on Oct. 16 and went on sale Oct. 23, missing Apple's fiscal Q4, though the company could still offer color on demand.
This will also be Apple's first earnings call with new CEO John Ternus, who took over the role from Tim Cook on Sept. 1.
For the quarter, Apple is expected to report earnings per share (EPS) of $2 on revenue of $113.46 billion, according to Bloomberg analyst consensus estimates. The company saw EPS of $1.85 and revenue of $102.46 billion in the same period last year.
The 2026 campaign has featured bipartisan calls for action on pharmaceuticals, the housing market, and AI data centers, a sign that this trio of sectors may be in focus in Washington no matter which party prevails on Tuesday.
The critical comments are especially notable coming from Republicans as the campaign enters its final days. Democratic rhetoric about reining in big business is nothing new, but the GOP's focus indicates both an increased willingness within the party to adopt a populist stance and a potential openness to strike deals next year in the new power-sharing landscape.
And the high likelihood that Democrats will win control of at least one chamber of Congress could elevate these issues — with or without President Trump's support.
The coming year is likely to feature "meaningful opportunities and risks for key sectors," Stifel chief Washington policy strategist Brian Gardner wrote in a recent note to clients.
With another Big Tech company reporting earnings today (Apple (AAPL)) after the Street gave punishing post-earnings reactions to Alphabet (GOOG) and Amazon (AMZN) stocks last week, Yahoo Finance's Jake Conley offers some perspective on the market mood:
It was a deeply red week for the tech sector after a slew of earnings failed to give investors the signs of strength they were looking (and hoping) for.
At Alphabet, a miss on both revenue and profit sent shares falling 13% as Sundar Pichai said that while the company's search division had grown, the money wasn't keeping up as AI cuts into search monetization.
Down the street at Amazon, a double miss on both earnings and revenue triggered a sell-off that couldn't be stopped by strong cloud growth in AWS.
And we can't forget Intel, where a beat on earnings and in-line revenue were overshadowed by weakness in PC sales, attributed to heightened memory costs. That company lost a quarter of its value after the report, falling over 28%.
But there's a conundrum for investors in these earnings reports. As Barron's associate editor Al Root said to Yahoo Finance, the numbers weren't all bad; it's more like investors have gotten more demanding.
"It's not that the earnings were awful, it's just that it wasn't enough to support the market," Root said on "The 8:30." He added, "The level of nerves going into earnings season was so high, like everybody was waiting for the shoe to drop."
Economic data: S&P Global US manufacturing index, October final reading (56 prior); ISM manufacturing, October (54.7 expected, 54.5 prior); ISM prices paid, October (77.5 expected, 77.9 prior); ISM new orders, October (54.9 expected, 55.3 prior); ISM employment, October (52 expected, 52.7 prior); Construction spending, month-on-month, September (+0.5% expected, +0.9% prior)
Earnings calendar: Apple (AAPL), Palantir Technologies (PLTR), Vertex Pharmaceuticals (VRTX), Marriott (MAR), The Williams Companies (WMB), Diamondback Energy (FANG), Realty Income Corporation (O), Entergy (ETR), ON Semiconductor (ON), Ryanair Holdings (RYAAY), Fox Corp. (FOX), Roku (ROKU), Loews (L), Tower Semiconductor (TSEM), Lattice Semiconductor Corporation (LSCC)
Catch up on some top stories you might have missed over the weekend:
AI stocks just lost $5 trillion — but history says the stock market's sweetest stretch starts now
Over 40% of Americans don't know how much they'll need for retirement
These 3 sectors could be in focus next year in Washington — no matter who wins on Tuesday
Apple to report Q4 earnings Monday, with iPhone 18 sales in the spotlight
Tech stock meltdown could get a lot worse if history is any guide
Microsoft and Skydance announced buyouts. What does it mean for workers in a 'low-hire' market?
